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      Trump Picks Another Trade Fight With Canada Over Lumber

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      The president initiated an investigation that could lead to tariffs on lumber imports, nearly half of which comes from Canada.President Trump on Saturday initiated an investigation into whether imports of lumber threaten America’s national security, a step that is likely to further inflame relations with Canada, the largest exporter of wood to the United States.The president directed his commerce secretary, Howard Lutnick, to carry out the investigation. The results of the inquiry could allow the president to apply tariffs to lumber imports. A White House official declined to say how long the inquiry would take.An executive memorandum signed by Mr. Trump ordered the investigation and was accompanied by another document that White House officials said would expand the volume of lumber offered for sale each year, increasing supply and helping to ensure that timber prices do not rise.The trade inquiry is likely to further anger Canada. Some of its citizens have called for boycotts of American products over Mr. Trump’s plans to impose tariffs on all Canadian imports beginning on Tuesday. The president, who also plans to hit Mexico with similar tariffs, says the levies are punishment for failure to stem the flow of drugs and migrants into the United States.Many Canadians have contested Mr. Trump’s assertion that fentanyl is flowing from its country into the United States.Canada and the United States have sparred over protections in the lumber industry for decades. The countries have protected their own industries with tariffs and other trade measures, and argued about the legitimacy of those measures in disputes both under the North American Free Trade Agreement and at the World Trade Organization.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      With Trump’s Help, Intel Could Hand Control of Chip Plants to TSMC

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      The Silicon Valley giant is trying to cut a deal it hopes would help it pull out of a yearslong slump.Intel, a fallen Silicon Valley icon trying to restore its reputation as America’s most prominent semiconductor company, is working with the Trump administration on a plan to turn over the operation of its chip-making plants to a giant Taiwanese rival.Over the past few months, Frank Yeary, the interim executive chairman of Intel, has spoken with administration officials and leaders of Taiwan Semiconductor Manufacturing Company about a deal that would separate Intel’s ailing manufacturing business from its semiconductor design and product business, according to four people with knowledge of the plan, who spoke on the condition of anonymity.TSMC, which produces an estimated 90 percent of the world’s most advanced semiconductors, would assume control of Intel’s manufacturing business and take a majority stake in the business alongside a consortium of investors that could include private equity firms and other tech companies, the four people said.The Trump administration has encouraged TSMC to do the deal. Howard Lutnick, President Trump’s nominee for commerce secretary, has been involved in the conversations and considers them one of the most consequential challenges of his new job, two of the people familiar with the discussions said.Intel is the only American-owned maker of advanced logic chips and has been at the forefront of U.S. efforts to rev up domestic manufacturing of semiconductors, which are a foundational technology. But Intel has struggled to compete against TSMC. Most of that company’s production is done in Taiwan, which is a strategic risk for the United States because of growing threats from the government of mainland China.Howard Lutnick has been involved in the talks as President Trump’s pick to lead the Commerce Department.Eric Lee/The New York TimesWe are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      Commerce Dept. Is on the Front Lines of China Policy

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      The department has confronted the challenge of China by restricting key exports, a policy that is likely to continue in the Trump administration.The Commerce Department has traditionally focused on promoting the interests of American business and increasing U.S. exports abroad. But in recent years, it has taken on a national security role, working to defend the country by restricting exports of America’s most powerful computer chips.While the Trump administration is likely to remake much of the Biden administration’s economic policy, with a renewed focus on broad tariffs, it is unlikely to roll back the Commerce Department’s evolution.“I’m truthfully not terribly worried that the Trump administration will undo all the great work we’ve done,” Gina Raimondo, the commerce secretary, said in an interview. “Number one, it’s at its core national security, which I hope we can all agree on. But two, it is the direction that they were going in.”It was the first Trump administration that took the initial steps toward the Commerce Department’s evolution, Ms. Raimondo noted, with its decision to put the Chinese telecommunications company Huawei on the “entity list.” Companies on the list are deemed a national security concern, and transfers of technology to them are restricted.Ms. Raimondo came into the commerce job focused on confronting the challenge of China by building upon the Trump administration’s actions.She has overseen a significant expansion of U.S. economic and technology restrictions against China. The Biden administration transformed the tough but sometimes erratic actions the Trump administration had taken toward Beijing into more sweeping and systematic limits on shipping advanced technology to China.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      Republicans Would Regret Letting Elon Musk Ax Weather Forecasting

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      One way Donald Trump may try to differentiate his second term from his first is by slashing the federal work force and budget and consolidating and restructuring a host of government agencies.For people who care about weather and climate, one of the most concerning proposals on the table is to dismantle the National Oceanic and Atmospheric Administration. The authors of Project 2025, a blueprint for the administration crafted by conservative organizations, claim erroneously that NOAA is “one of the main drivers of the climate change alarm industry” and should be “broken down and downsized.” An arm of Mr. Trump’s team, the Department of Government Efficiency, to be led by Elon Musk and Vivek Ramaswamy, wants to eliminate $500 billion in spending by cutting programs whose funding has expired. That could include NOAA.With the rising costs of and vulnerability to extreme weather in a changing climate for the United States, dismantling or defunding NOAA would be a catastrophic error. Rather, there is a golden opportunity to modernize the agency by expanding its capacity for research and innovation. This would not only help Americans better prepare for and survive extreme weather but also keep NOAA from falling further behind similar agencies in Europe. While the incoming administration may want to take a sledgehammer to the federal government, there is broad, bipartisan support for NOAA in Congress. It is the job of the incoming Republican-controlled Congress to invest in its future.NOAA was established via executive order in 1970 by President Richard Nixon as an agency within the Department of Commerce. Currently its mission is to understand and predict changes in the climate, weather, ocean and coasts. It conducts basic research; provides authoritative services like weather forecasts, climate monitoring and marine resource management; and supports industries like energy, agriculture, fishing, tourism and transportation.The best-known part of NOAA, touching all of our daily lives, is the National Weather Service. This is where daily forecasts and timely warning of severe storms, hurricanes and blizzards come from. Using satellites, balloon launches, ships, aircraft and weather stations, NOAA and its offices around the country provide vital services like clockwork, free of charge — services that cannot be adequately replaced by the private sector in part because they wouldn’t necessarily be profitable.For most of its history, NOAA has largely avoided politicization especially because weather forecasting has been seen as nonpartisan. Members of Congress from both parties are highly engaged in its work. Unfortunately, legislation introduced by Representative Frank Lucas, Republican of Oklahoma — a state with a lot of tornadoes — that would have helped NOAA to update its weather research and forecasting programs passed the House but languished in the Senate and is unlikely to move forward in this session of Congress. However, in 2025 there is another opportunity to improve the agency and its services to taxpayers and businesses.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      Washington Curtails Intel’s Chip Grant After Company Stumbles

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      The Biden administration is reducing its award to the chip maker, partly to account for a multibillion-dollar military contract.The Biden administration plans to reduce Intel’s preliminary $8.5 billion federal CHIPS grant, a move that follows the California-based company’s investment delays and broader business struggles.Intel, the biggest recipient of money under the CHIPS Act, will see its funding drop to less than $8 billion from the $8.5 billion that was announced earlier this year, four people familiar with the grant said. They all spoke on the condition of anonymity because the final contract had not yet been signed. The change in terms takes into account a $3 billion contract that Intel has been offered to produce chips for the U.S. military, two of these people said.The government’s decision to reduce the size of the grant follows Intel’s move to delay some of its planned investments in chip facilities in Ohio. The company now plans to finish that project by the end of the decade instead of 2025. The chip maker has been under pressure to reduce costs after posting its biggest quarterly loss in the company’s 56-year history.The move by the Biden administration also takes into account Intel’s technology road map and customer demand. Intel has been working to improve its technological capacity to catch up to rivals like Taiwan Semiconductor Manufacturing Company, but it has struggled to convince customers that it can match TSMC’s technology.Intel’s troubles have been a blow to the Biden administration’s plans to rev up domestic chip manufacturing. In March, President Biden traveled to Arizona to announce Intel’s multibillion-dollar award and said the company’s manufacturing investments would transform the semiconductor industry. Intel’s investment was at the forefront of the administration’s ambition to return chip manufacturing to the United States from Asia. The CHIPS Act, a bipartisan bill passed in 2022, provided $39 billion in funding to subsidize the construction of facilities to help the United States reduce its reliance on foreign production of the tiny, critical electronics that power everything from iPads to dishwashers.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      U.S. Seized an Airplane Owned by Venezuela’s Nicolás Maduro

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      The Biden administration said the airplane had been illegally exported for Mr. Maduro. U.S. officials accuse him of undermining the results of a presidential election he lost.The U.S. government has seized an airplane linked to Nicolás Maduro, the leader of Venezuela, and brought it to Florida on Monday because it was bought in violation of U.S. sanctions, according to a Justice Department statement.The Biden administration is trying to put more pressure on Mr. Maduro because of his attempts to undermine the results of the recent presidential election in his country, White House officials said.The Justice Department said in its statement that it had seized a Dassault Falcon 900EX owned and operated by Mr. Maduro and his partners after it had been brought to the Dominican Republic for maintenance work. The department then had the plane flown to Florida. The plane had been purchased in the United States for $13 million through a shell company and “smuggled” out of the country “for use by Nicolás Maduro and his cronies,” Merrick B. Garland, the U.S. attorney general, said in the statement.The Homeland Security Department helped the Justice Department lead the operation, one U.S. official said. The Commerce Department was involved as well.“Let this seizure send a clear message: Aircraft illegally acquired from the United States for the benefit of sanctioned Venezuelan officials cannot just fly off into the sunset,” Matthew S. Axelrod, the assistant secretary for export enforcement at the Commerce Department, said in a written statement.Video footage broadcast by CNN on Monday showed the airplane, a sleek white jet with red stripes, sitting on a tarmac in Florida.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      Hunter Biden Sought State Department Help for Burisma

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      After President Biden dropped his re-election bid, his administration released records showing that while he was vice president, his son solicited U.S. government assistance.Hunter Biden sought assistance from the U.S. government for a potentially lucrative energy project in Italy while his father was vice president, according to newly released records and interviews.The records, which the Biden administration had withheld for years, indicate that Hunter Biden wrote at least one letter to the U.S. ambassador to Italy in 2016 seeking assistance for the Ukrainian gas company Burisma, where he was a board member.Embassy officials appear to have been uneasy with the request from the son of the sitting vice president on behalf of a foreign company.“I want to be careful about promising too much,” wrote a Commerce Department official based in the U.S. Embassy in Rome who was tasked with responding.“This is a Ukrainian company and, purely to protect ourselves, U.S.G. should not be actively advocating with the government of Italy without the company going through the D.O.C. Advocacy Center,” the official wrote. Those acronyms refer to the United States government and a Department of Commerce program that supports American companies that seek business with foreign governments.Abbe Lowell, a lawyer for Mr. Biden, said his client “asked various people,” including the U.S. ambassador to Italy at the time, John R. Phillips, whether they could arrange an introduction between Burisma and the president of the Tuscany region of Italy, where Burisma was pursuing a geothermal project.We are having trouble retrieving the article content.Please enable JavaScript in your browser settings.Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.Thank you for your patience while we verify access.Already a subscriber? Log in.Want all of The Times? Subscribe. More

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      GDP Gain in First Quarter Revised Downward in U.S.

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      Consumers eased up on spending in the face of rising prices and high interest rates, Commerce Department data shows.Economic growth slowed more sharply early this year than initially estimated, as consumers eased up on spending amid rising prices and high interest rates.U.S. gross domestic product, adjusted for inflation, grew at a 1.3 percent annual rate in the first three months of the year, the Commerce Department said on Thursday. That was down from 3.4 percent in the final quarter of 2023 and below the 1.6 percent growth rate reported last month in the government’s preliminary first-quarter estimate.The data released on Thursday reflects more complete data than the initial estimate, released just a month after the quarter ended. The government will release another revision next month.The preliminary data fell short of forecasters’ expectations, but economists at the time were largely unconcerned, arguing that the headline G.D.P. figure was skewed by big shifts in business inventories and international trade, components that often swing wildly from one quarter to the next. Measures of underlying demand were significantly stronger.The revised data may be harder to dismiss. Consumer spending rose at a 2 percent annual rate — down from 3.3 percent in the fourth quarter, and 2.5 percent in the preliminary data for the last quarter — and measures of underlying demand were also revised down. An alternative measure of economic growth, based on income rather than spending, cooled to 1.5 percent in the first quarter, from 3.6 percent at the end of 2023.Still, the new data does little to change the bigger picture: The economy has slowed but remains fundamentally sound, buoyed by consumer spending that remains resilient even after the latest revisions. That spending is supported by rising incomes and the result of a strong job market that features low unemployment and rising wages. There is still no sign that the recession that forecasters spent much of last year warning about is imminent.Business investment, a sign of confidence in the economy, was actually revised up modestly in the latest data. Income growth, too, was revised up.Inflation, however, remains stubborn. Consumer prices rose at a 3.3 percent annual rate in the first three months of the year, slightly slower than in the preliminary data but still well above the Federal Reserve’s long-run target of 2 percent.In response, policymakers have raised interest rates to their highest level in decades and have said they will keep them there until inflation cools further. The modestly slower growth reflected in Thursday’s data is unlikely to change that approach.The Fed will get a more up-to-date snapshot of the economy on Friday, when the government releases data on inflation, income and spending in April. More